Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    803 Plate St, Unit 209 Rochester, MI 48307

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,100 /Mo ($20 SF/Yr)

    Apartment near Downtown Rochester with included utilities and community pool.

    Property size:
    653 SF
    Lot size:
    653 SF

    Property Features for 803 Plate St

    General Information

    Size
    653 SF

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Paul Channo
    Source: Kw

    Listing Agent: Paul Channo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rochester Apartment For Rent

    This 653 square foot apartment is located minutes from Downtown Rochester. The rental includes heat, water, trash, community pool access, snow removal, and general maintenance. Please note that pets and smoking are not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1256156
    Latitude
    42.6874673

    Nearby Similar for Lease

    • $1,400 /Mo

      Medical Office Space Available

      1,000 sq ft office with five private offices.
      967 Oakwood Dr, Rochester, MI 48307
      View Details
    • $17 SF/Yr
      9,294 SF

      Oakwood Medical Office Suites

      Rochester, MI: Prime Medical Office Space
      811 Oakwood Dr, Rochester, MI 48307
      View Details
    • $17 SF/Yr
      9,188 SF

      Country Creek Medical Office Space

      9,188 SF Medical Office Available
      4986 Adams Rd, Rochester, MI 48306
      View Details
    • $19 SF/Yr
      12,164 SF

      Rochester Hills Medical Office Building

      Prime location, flexible suites, ample parking.
      1050-1100 University Dr, Rochester, MI 48307
      View Details
    • $38 SF/Yr
      12,917 SF

      North Hill Shopping Center: Rochester, MI

      High-traffic retail spaces available.
      1413 Rochester Rd, Rochester, MI 48307
      View Details
    • Contact for pricing
      209,596 SF

      Hamlin Road Office Complex

      Spacious Oakland County office space, fully renovated.
      3551 Hamlin Rd, Rochester, MI 48326
      View Details
    • $22 SF/Yr
      113,687 SF

      Medical Office Space Available

      Medical suites for lease near Henry Ford Providence Rochester.
      1135 W University Dr, Rochester, MI 48307
      View Details
    • $17 SF/Yr
      785 SF

      Rochester Hills Office/Medical Complex

      Three-building office/medical park with recent renovations and convenient access.
      725 745 Barclay Cir, Rochester, MI
      View Details
    • Contact for pricing
      18,000 SF

      Downtown Rochester Office Space Available

      Office spaces for lease in downtown Rochester, Michigan.
      414 South Main St, Rochester, MI 48307
      View Details
    • $19 SF/Yr
      1,422 SF

      Retail Space in Oakland Township

      Retail space available in well-maintained shopping center with ample parking.
      4816-4978 N Adams Rd, Oakland Township, MI 48306
      View Details
    • $42 SF/Yr
      3,982 SF

      Rochester Hills Retail Endcap Opportunity

      Endcap retail space for lease in Rochester Hills.
      3135-3159 S Rochester Rd, Rochester, MI 48306
      View Details
    • Contact for pricing
      196 SF

      Downtown Rochester Office Space Available

      Prime location with ample natural light and elevator access.
      412-414 Main St, Rochester, MI 48307
      View Details

    FAQs

    What type of property is this?
    Single family property - Apartment near Downtown Rochester with included utilities and community pool.
    Where is this single family property located?
    The property is located at 803 Plate St, Unit 209 Rochester, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Prime location: Minutes from Downtown Rochester.; - Included utilities: Heat, water, and trash removal are covered.; - Enjoy community pool access.
    (248) 652-6500
    Request Owner's contact information
    803 Plate St, Unit 209 Rochester, MI 48307
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    803 Plate St, Unit 209
    Rochester, MI 48307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    803 Plate St, Unit 209 Rochester, MI 48307
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Channo
    (248) 652-6500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.